Cressona Fire Company 1

Analysis

Cressona Fire Company 1 is a registered charity in United States, based in Cressona, PA. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cressona Fire Company 1 reported income of $79k and spending of $90k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $87k to $79k (-9.6%), an average of -9.6% a year. Over the whole period it spent 80% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Cressona Fire Company 1 sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within PA. Charities of a similar size with the same main cause include Firmkeys Inc ($79k), Craig Beach Volunteer Fire Department Inc ($79k) and Ab Shaw Fire Company ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 46% of the total. At year end it held assets of $134k against liabilities of $21k, net assets of $113k.